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JunHe Advises China Development Bank in its Refinancing Loan for CGNPC Huasheng Investment Limited

2025.02.10

In December 2024, after multiple rounds of negotiations, China Development Bank entered into a one-year USD 100 million financing agreement with CGNPC Huasheng Investment Limited (the "Borrower") to provide a refinancing loan intended to support general working capital purposes.


The loan will help to maintain CGNPC’s stable arrangements in overseas resource allocation, capital operations, asset integration and financial connections and is intended to support the Borrower's operations in the nuclear energy field. The loan may also contribute to project finance initiatives, such as meeting working capital needs or developing new nuclear power projects. This was a large transaction involving multiple rounds of negotiations. The transaction was unique as the proceeds will be used as the working capital of the nuclear company and to develop new nuclear power projects.


JunHe’s Hong Kong team acted as the Hong Kong legal counsel to China Development Bank. They participated in the review, negotiation and amendment of the finance documents, assisted with the closing, and provided advice on issues related to Hong Kong laws. With its consistent delivery of efficient and rigorous legal services and detail-oriented and professional expertise, JunHe’s Hong Kong team was recognized by the client.


JunHe partner Lee, Alex Jao Jang was responsible for the Hong Kong law-related matters, and partner XIE, Jiahao provided great assistance and support. 

JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.
As the first carbon neutrality fund sponsored by a law firm in China, the BAF Carbon Neutrality Special Fund was jointly established by JunHe and the Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on the public fundraising platform to mobilize engagement in public welfare campaigns.